General Category > General Discussion
Dow falls more than 600 points; markets in free-fall
briann:
--- Quote from: Dan on October 09, 2008, 11:43:59 PM ---
--- Quote from: briann on October 09, 2008, 11:38:09 PM ---
--- Quote from: Dr. Dan on October 09, 2008, 08:37:55 PM ---This might help the dollar actually...outside countries might not want to invest in the US and it might give Americans the opportunity to invest in their own country...
--- End quote ---
What??? Thats not how things work. If investors pull out of the US it kills the US dollar.... and it doesnt somehow magically make domestic investors want to invest in the US either. However.. there is no where else to put your money. All countries are in a free fall. And therefore... the US dollar hasn't really even been affected by this, and is actually gaining on European currencies. BTW... other countries are getting hit even harder than ours.
--- End quote ---
I hope so... The Evil European Union should be feeling the brunt of this pretty soon!
This type of chaos should make new nations wherry on joining the EU, and the Muslim world should be gasping for air anytime now that American are ALL on top of the Transfer of wealth that has been occurring for the past 2 decades. This must STOP NOW!
--- End quote ---
Thats a good point. There is a possibility, that the EU could fall apart. The Europeans may rise against this unholy union, and pull out.
Dr. Dan:
--- Quote from: briann on October 09, 2008, 11:38:09 PM ---
--- Quote from: Dr. Dan on October 09, 2008, 08:37:55 PM ---This might help the dollar actually...outside countries might not want to invest in the US and it might give Americans the opportunity to invest in their own country...
--- End quote ---
What??? Thats not how things work. If investors pull out of the US it kills the US dollar.... and it doesnt somehow magically make domestic investors want to invest in the US either. However.. there is no where else to put your money. All countries are in a free fall. And therefore... the US dollar hasn't really even been affected by this, and is actually gaining on European currencies. BTW... other countries are getting hit even harder than ours.
--- End quote ---
Allow me to explain myself. Since the US was weaker probably due to the war with all the debt they had, other countries were relatively stronger. Now that everybody is falling, the economically stronger nations are falling harder than the US. So yes, because of that the dollar is beginning to have a little more value than the other nations' currencies. For non-investors, or for those who got out of the market much earlier than this fall, have that opportunity bring about a new order...the problem here is that China and Russia are the two nations with all that money...so the new order my end up being socialism/communism...If Hollywood people weren't so dumb, they could also end up having a stake in the new order. Good thing they aren't. We are headed to scary times...
yeh i know i'm not an economist...that's why I have you, Briann, to correct me.
cjd:
I said it some time ago when people were saying that America was in trouble financially the rest of the world will follow right along. Some folks here though that America would go down the cliff on its own. What most folks don't realize is that America's economy seeds all the others even our wost enemies. As bad as things seem for us here in America I think they will be far worse for other countries. I think countries like China, South Korea and Japan will be facing larger problems because people will no longer buying up all the cheap cr-p the have been flooding our markets with for years. I think this financial situation will cause a great many companies to rethink their overseas operations and start producing things back at home.
Navigation
[0] Message Index
[*] Previous page
Go to full version